Tag Archives: France

Germany experienced little increase in unemployment during the Great Recession, and has found “internal devaluation” relatively easy and pain-free, unlike most other countries. Why ? Some observations on the role of social capital in financial crises.

Part 1. The French anthropologist-demographer Emmanuel Todd, who is becoming increasingly fashionable in the Anglosphere, is also a scathing critic of the euro. I examine his “anthropological” views of Germany and the euro, which I also contrast with those of Michael Pettis.